Chalet Hotels Explores Strategic Entry into Udaipur with INR 171 Crore Luxury Resort Acquisition

A Potential Expansion into One of India's Most Coveted Leisure Destinations

Chalet Hotels has announced that it is evaluating the acquisition of a company that owns a 150-room resort in Udaipur, marking a potential strategic move into one of India's most prestigious luxury leisure markets. The proposed transaction is valued at ?171 crore, subject to customary due diligence and adjustments linked to net assets and liabilities.

If concluded, the acquisition would strengthen Chalet Hotels' presence in the high-end resort and destination hospitality segment, aligning with the growing demand for luxury leisure stays and destination-led travel experiences across India. The company recently appointed Salil Khare as Chief Projects Officer to lead design-driven growth initiatives.

Transaction Under Evaluation

According to the company's disclosure, the proposed acquisition is currently at a preliminary stage. The transaction remains contingent on the successful completion of due diligence, with final consideration to be adjusted based on the target company's net financial position.

Chalet Hotels indicated that additional details will be shared once definitive agreements are executed, signalling a cautious and structured approach to the expansion.

Udaipur's Rising Appeal in Luxury Hospitality

Udaipur continues to be one of India's most sought-after destinations for luxury travel, destination weddings, and experiential leisure stays. The city's blend of royal heritage, scenic lakes, and premium hospitality infrastructure has made it a focal point for hotel groups seeking long-term value creation in the leisure segment.

A 150-room resort in the region offers scale as well as the opportunity to cater to both domestic and international high-spend travellers, particularly during peak wedding and festive seasons. Discover Raffles Udaipur's pinnacle of festive serenity on Udai Sagar Lake and explore luxury beverage experiences at Raffles Udaipur to understand the city's growing luxury hospitality landscape.

Leadership Transition Announced

Alongside the acquisition update, Chalet Hotels also announced a leadership transition at the executive level. A new Managing Director and Chief Executive Officer will take charge from February 1, 2026, while the current MD and CEO will move into a non-independent non-executive director role.

The transition reflects continuity in leadership and governance, as the company balances expansion opportunities with long-term strategic oversight.

Conclusion

Chalet Hotels' consideration of a luxury resort acquisition in Udaipur underscores its intent to deepen its footprint in high-growth leisure markets. With destination hospitality emerging as a key revenue driver across India, the move positions the company to capitalise on evolving travel preferences while maintaining financial discipline.

As due diligence progresses and definitive agreements take shape, the proposed acquisition could mark a significant milestone in Chalet Hotels' luxury portfolio expansion. For context on India's luxury hospitality sector growth, explore the best luxury hotels in India for lavish destination weddings and discover luxury hotel expansions in Rajasthan. Additionally, learn about ROHL's grand mountain retreats for weddings and MICE experiences to understand the broader luxury resort segment in India.